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Eurozone Publications

Below is a list of our Eurozone Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep

Please use the filters on the right to search for a specific date or topic.

March

3 Aug 2021 The Swiss Economy Entered Q3 on the Front Foot

Raft of Swiss data reaffirm our view that the economy is recovering quicker than the Eurozone.
The pick-up in Swiss inflation in July is nowhere near enough to set alarm bells off at the SNB...
... but a stronger franc all but cements the need for higher FX intervention.

Claus Vistesen (Chief Eurozone Economist)Eurozone

7 July 2021 EZ Manufacturing is Being Held Back by Weakness in Autos

Weakness in the core remained a drag on euro area manufacturing midway through Q2, amid strength elsewhere.

Claus Vistesen (Chief Eurozone Economist)Eurozone

6 July 2021 The ECB Probably will Come up with a New Inflation Target in Q3

Judging by the questions we're receiving from
readers, and reports in the financial news, the outcome
of the ECB's strategic policy review is now starting to occupy investors' minds.

Claus Vistesen (Chief Eurozone Economist)Eurozone

17 June 2021 Expect a Quiet SNB Meeting, but Higher CHF Sales Needed Soon

The Swiss National Bank (SNB) will keep its powder dry today and leave its policy rate at -0.75%, a number we recommend investors get used to.

Claus Vistesen (Chief Eurozone Economist)Eurozone

11 June 2021 If the ECB's New Forecasts are Right, PEPP will be Axed in Q4

The ECB conformed to our expectations yesterday, guiding markets towards unchanged and ample accommodation through Q3.

Claus Vistesen (Chief Eurozone Economist)Eurozone

10 June 2021 We Expect a Dovish ECB today, but Difficult Decisions Loom in H2

The best way to explain the ECB's position, ahead of today's policy decision, is that the central bank has plenty of circumstantial evidence that a strong recovery has begun, but little hard data to substantiate the story.

Claus Vistesen (Chief Eurozone Economist)Eurozone

8 June 2021 German Manufacturing was Soft in April; Spain was Much Better

Yesterday's main economic reports point to mixed conditions in euro area manufacturing at the start of Q2.

Claus Vistesen (Chief Eurozone Economist)Eurozone

4 June 2021 The EZ Services Sector is Now Stretching its Legs

If the PMIs are right, services activity in the Eurozone rebounded strongly midway through the second quarter, as virus restrictions were eased.

Claus Vistesen (Chief Eurozone Economist)Eurozone

3 June 2021 The Stage is Set for a Decent Rebound in Swiss GDP in Q2

In this Monitor, we are introducing our coverage of the Swiss economy, with a look at the recent Q1 GDP numbers, and an outlook for the rest of the year.

Claus Vistesen (Chief Eurozone Economist)Eurozone

2 June 2021 The Rise in EZ Headline Inflation is Over, for a Brief Moment

Inflation in the euro area increased further midway through the second quarter. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

27 May 2021 The Recovery in France has Begun, but Q2 will be Pedestrian

Yesterday's INSEE surveys in France complemented the upbeat IFO in Germany earlier in the week.

Claus Vistesen (Chief Eurozone Economist)Eurozone

26 May 2021 Grim Q1 GDP Report in Germany, but the IFO Promises a Big Q2

Yesterday's two key economic reports provided a snapshot of German's economy at two very different points in time.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: U.K. Official House Price Index, March 2021

In one line: Prices are surging now, but likely will be marginally below March’s level by year-end.

Claus Vistesen (Chief Eurozone Economist)Eurozone

19 May 2021 Poor Q1 GDP Data in the Eurozone Fortunately is Old News

Yesterday's second Q1 GDP estimate confirmed that the EZ economy fell into recession at the start of the year.

Claus Vistesen (Chief Eurozone Economist)Eurozone

17 May 2021 New Commission Forecasts Focus on the Upside Risks to Growth

The European Commission took a more upbeat view on the EZ economy last week, in its new spring forecasts, a shift which is probably a fair reflection of where other official forecasts are going.

Claus Vistesen (Chief Eurozone Economist)Eurozone

13 May 2021 Volatility will Cloud the Reopening Rebound in the EZ Core CPI, If Any

Yesterday's detailed CPI data in Germany and France for April confirmed that rising energy prices continued to lift headline inflation at the start of the year.

Claus Vistesen (Chief Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, Eurozone, March 2021

In one line: Soft; production rose in Q1, but by less than implied by leading indicators. 

Claus Vistesen (Chief Eurozone Economist)Eurozone

12 May 2021 Either the ECB has Toughened Up, or it is Behind the C urve

The ECB has been struggling to send a clear message to markets in the past few months.

Claus Vistesen (Chief Eurozone Economist)Eurozone

10 May 2021 EZ Manufacturing Disappointed in Q1, will Q2 be Better

Friday's data in the core EZ economies confirmed our suspicion that the reality in manufacturing at the start of the year was not as rosy as implied by the headline surveys and new orders data.

Claus Vistesen (Chief Eurozone Economist)Eurozone

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Keywords for: Eurozone Documents

Eurozone Document Vault, Pantheon Macro, Pantheon Macroeconomics, independent macro research independent research, ian shepherdson, economic intelligence